Tax-Deductible Employee Benefits for Employers & Tax-Exempt for Employees 这些员工福利可以让老板扣税 ，员工免税哦！
Tax-Deductible Employee Benefits for Employers & Tax-Exempt for Employees 这些员工福利可以让老板扣税 ，员工免税哦！
Tax-Deductible Employee Benefits for Employers & Tax-Exempt for Employees
Certain employee benefits provided by employers in Malaysia are tax-deductible for the company while being exempt from personal income tax for employees.
________________________________________
✅ Eligible Tax-Deductible Employee Benefits
1. Transportation Allowance
• Must be business-related, including fuel allowance & toll fees.
• Up to RM6,000 per year.
2. Childcare Allowance
• Only applicable for children under 12 years old.
• Up to RM3,000 per year.
3. Mobile Phone / Tablet Allowance
• Limited to one device per employee.
4. Monthly Telephone Bill Allowance
• Limited to one phone line per employee.
5. Employee Rewards
• Up to RM2,000 per year (cash allowed).
• Includes:
o Past Achievement Award
o Excellence in Service Award
o Innovation & Productivity Reward
o Long-Service Award (minimum 10 years of service)
6. Parking Fee Allowance
• Must be reasonable in amount.
7. Meal Allowance
• Must be reasonable in amount.
8. Interest Subsidy
• Covers home or car loan interest subsidies.
• Applicable only for loan amounts below RM300,000.
9. Education Loan Allowance
• Covers Perbadanan Pendidikan Tinggi Nasional (PTPTN) loans paid by the employer on behalf of employees.
• Employee must be a Malaysian citizen.
10. Free Company Products
• Product value must be less than RM1,000.
11. Medical Benefits
• Includes traditional medicine recognized by government agencies (Malay, Chinese, and Indian traditional medicine).
• Covers maternity medical expenses.
12. Professional Membership Fees
• Must be related to the company’s business.
13. Travel Allowance for Vacation
• Domestic trips: Up to 3 times a year.
• Overseas trips: Up to RM3,000 per year (once per year only).
14. Insurance Subsidy
• Covers insurance for foreign employees, group accident insurance, etc.
15. Free Company Services
• Employees can fully enjoy the company’s services without tax implications.
________________________________________
Example of Employee Benefits Provided to Employee A
Benefit Type Annual Amount (RM)
Business-Related Transport Allowance 6,000
Meal Allowance 3,600
Dental Benefits 800
Childcare Allowance 2,400
Professional Membership Fees 1,000
Long-Service Award 2,000
Gifted Mobile Phone 6,000
Domestic Travel Allowance 1,000
Gifted Company Products 1,000
Total Tax-Free Benefits for Employee A RM23,800
By providing these tax-deductible benefits, employers can reduce their taxable income while employees enjoy extra perks without additional tax liabilities!
Malaysia
